NEW YORK ( TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Tuesday's session.

Jones Soda ( JSDA) should trade sharply higher Tuesday after said it has terminated an exclusivity provision in its deal with Reed's ( REED), allowing the company to explore alternative options. Earlier this month, Reed's said it would purchase Jones Soda at a discount in a cash-and-stock deal worth about $9.7 million. The 50-day average daily volume for Jones Soda is 292,000, according to the Nasdaq. The stock finished Monday at 52 cents and traded 25% in late trading.

Integrated Silicon Solution ( ISSI) jumped by $1.19, or 15.9%, to $8.68 in the premarket session after the semiconductor company upped its second-quarter earnings and revenue guidance following "better than expected end market demand and pricing." Integrated Silicon expects to earn 20 cents to 24 cents in the quarter on revenue of $54 million to $56 million, up from its previous guidance of 8 cents to 12 cents a share on revenue of $48 million to $52 million. Analysts are looking for a second-quarter profit of 11 cents a share on revenue of $50.7 million, according to Thomson Reuters. The 50-day average daily volume for Integrated Silicon is 551,000.

>>Stocks With Unusual Trading Volume

Somaxon Pharmaceuticals ( SOMX) slid by 29 cents, or 3.5%, to $8.01 in the premarket session after the company announced a 4 million share common stock offering. Somaxon did not offer pricing details. The 50-day average daily volume for Somaxon is 4.25 million.

Zale ( ZLC) rose by 10 cents, or 2.8%, to $3.71 in the premarket session after The Wall Street Journal reported that the jeweler is considering a financing proposal from Sun Capital Partners. The private equity firm submitted a proposal to invest between $50 million and $100 million in Zale's preferred stock, which would give Sun Capital a majority stake, the paper said, citing people with knowledge of the deal. Sun Capital has also agreed to provide a bridge loan that includes a $600 million revolving credit facility, the Journal added. The three-month average daily volume for Zale is 2.09 million, according to Yahoo! Finance.

-- Written by Robert Holmes in Boston.

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